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Apr 24, 2013
04/13
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apple would be a $1,000 stock. talking about what they called apple's unmatched asthetics. september 2012, as apple hit that record high, the mean of the 54 analysts tracking the stock was a buy with a mean price target. of course, not everybody got it wrong. once the bubble pops it goes back down to the point at which it lifted off. the question remains why did so many on the street get this one so wrong? it proved much more successful than many thought google offered a product. and then changed the market and put apple in a poor position. also, kay says analysts have a hard time calling these turns. this is due to basic behavioral investing. >> it was almost exactly 24 hours ago when we saw how much a role social media was playing in the markets. and we saw how it can be very evil. we saw the dow jones go from a gain of 135 points to negative 12 in under a minute and a half. >> an ap twitter feed has been hacked and it says breaking. two explosions in the white house and barack obama is injured. >> immediately people started trying to confirm whether or not it was actuall
apple would be a $1,000 stock. talking about what they called apple's unmatched asthetics. september 2012, as apple hit that record high, the mean of the 54 analysts tracking the stock was a buy with a mean price target. of course, not everybody got it wrong. once the bubble pops it goes back down to the point at which it lifted off. the question remains why did so many on the street get this one so wrong? it proved much more successful than many thought google offered a product. and then...
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Apr 17, 2013
04/13
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talk apple with me for a couple seconds here. the people who are buying apple at these levels are basing it on dividend or new product. which of those or all of the above? >> all of the above. i think you have to ask yourself has the weak june quarter been factored in? you look at estimates. there's about 46 estimates for apple. ten have been dropped for the june quarter. there's probably still more work that needs to be done to reflect what will accurately happen. >> sew haven't seen the whites of the eyes of the bulls at this point. you need to see sort of that fear just come out there and be exposed by wall street before we can get around apple here. >> you know, look. the march quarter, they did preannounce. that's not likely to be a disaster. and we know june is likely to have weakness. the data points are coming out pointing to that. you are not likely to get much new product in that time frame. but you do have more product coming in the back half of the year. >> but there were margin products and they might have to do prom
talk apple with me for a couple seconds here. the people who are buying apple at these levels are basing it on dividend or new product. which of those or all of the above? >> all of the above. i think you have to ask yourself has the weak june quarter been factored in? you look at estimates. there's about 46 estimates for apple. ten have been dropped for the june quarter. there's probably still more work that needs to be done to reflect what will accurately happen. >> sew haven't...
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Apr 24, 2013
04/13
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so i think two things on apple. on the positive side, they did a very significant return of cash to shareholders at the very high end, i think of where investors were hoping. and all else being equal, that was a positive. on the flip side, there was evidence of gross margin pressure in the quarter. they were down sequentially, and the company guided for gross margins to go down again sequentially next quarter. and this is worrisome, because apple is at the part of its product cycles where it's introduced new products where typically gross margins should be improving. so to see margins down, even adjusting for mixed effects, we believe iphone margins were down in the quarter, is worrisome. and it points to, you know, a mix shift to lower models within apple's lineup, which generally have lower margins. and, you know, ultimately, micros margins numbers came down and my estimates came down and my price target came down commensurately. >> but your rating remains outperform, right? you're still telling people you think i
so i think two things on apple. on the positive side, they did a very significant return of cash to shareholders at the very high end, i think of where investors were hoping. and all else being equal, that was a positive. on the flip side, there was evidence of gross margin pressure in the quarter. they were down sequentially, and the company guided for gross margins to go down again sequentially next quarter. and this is worrisome, because apple is at the part of its product cycles where it's...
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Apr 23, 2013
04/13
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>> easier to answer than where apple is going. i would argue and i have made the statement about a week ago that it wasn't going past a hundred. then it went to 99.90. >> got nervous. >> i'm still of the opinion it will hang around between 92 and 102 between now and july. same kind of argument that we have in the second quarter is a slow down quarter. then i would argue 105 to 110 by the end of the year. my favorite investments are really focused around japan. >> momentary blip in what has been a winning trade and then it reaccelerates and picks up steam again. >> right. >> what about japan in general? you're a big believer there is hedge fund money going to work in japan? >> beginning to. i think there is a lot more to go. a lot of japanese money is going back into japan as they see opportunities in the equity market. if you're a believer in the gram dodd and things like that, yap has a ton of equity selling at those prices. >> there is a pull in the hedge fund industry now. kyle bass on the short side. guys like dan lobe on the
>> easier to answer than where apple is going. i would argue and i have made the statement about a week ago that it wasn't going past a hundred. then it went to 99.90. >> got nervous. >> i'm still of the opinion it will hang around between 92 and 102 between now and july. same kind of argument that we have in the second quarter is a slow down quarter. then i would argue 105 to 110 by the end of the year. my favorite investments are really focused around japan. >>...
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Apr 24, 2013
04/13
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. >> and then, how about apple? hovering around $400 a share, failing to impress shareholders with t earnings last night. but is wall street just overreacting to what is still a very profitable, strong company? >> tim cook admits, they are a mature technology company. doesn't make them a bad company, though, right? >> but does it make them valued at 700? >> that's the question. >> just how big a threat are the hacks like we saw at that fake ap tweet yesterday to the market's integrity. cfte commissioner bart shulton weighs in on that. he wrote an op-ed piece today and we'll get his comments, coming up. >> the dow jones industrial average down just a fraction. been a negative day all day, but we are off of the worst levels, 14,712, last trade of the blue chip average. nasdaq looks like this, highest level of the day. in positive territory, keeping in positive territory with a gain of about seven points but a quarter of a percent. s&p 500 looks like this, similar chart pattern as the nasdaq, where it too hovers a to t
. >> and then, how about apple? hovering around $400 a share, failing to impress shareholders with t earnings last night. but is wall street just overreacting to what is still a very profitable, strong company? >> tim cook admits, they are a mature technology company. doesn't make them a bad company, though, right? >> but does it make them valued at 700? >> that's the question. >> just how big a threat are the hacks like we saw at that fake ap tweet yesterday to...
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Apr 17, 2013
04/13
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. >> thank you very much from bonds to apple. apple no longer the biggest company in the world. that goes back to exxon. you had chip maker's serious logic. serious logic the only thing dragging apple down today? >> brian, good afternoon. i think sit a bit of a double whamy today. i think it's a combination of those two things. >> apple has lost over 40% of its market cap right? at what point does it become a value proposition? >> on the one hand normally you would by. i think you need to really see the bar reset on earnings estimates. you have got believe they can continue to innovate some of the newer competitors there. >> do you believe they can? >> well, you know, the proof's going to be in the pudding. clearly they have the opportunity to do that. it will be abundant on the software application side. >> you heard they are breaking news that they are coming out with i pudding? clearly they're not. although if they did maybe it would work. as a user of i cloud i can say that i have had a lot of problems with it. apple seems to have had a string of issues. little bits here and
. >> thank you very much from bonds to apple. apple no longer the biggest company in the world. that goes back to exxon. you had chip maker's serious logic. serious logic the only thing dragging apple down today? >> brian, good afternoon. i think sit a bit of a double whamy today. i think it's a combination of those two things. >> apple has lost over 40% of its market cap right? at what point does it become a value proposition? >> on the one hand normally you would by. i...
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Apr 18, 2013
04/13
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gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs down. that's the real challenge here. >> you thought 450 was the bottom at 455 or at -- when did you make that prediction sflp. >> yeah. it was about three weeks ago. we basically took our numbers down. >> so when it was at 750, you thought the bottom was 700. when it was 7 hup, y
gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think...
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Apr 23, 2013
04/13
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. >> i've got the apple numbers. >> what are the apple numbers, jon? >> the revenue for this quarter is actually coming in above expectations at $43.6 billion, eps, $10.09. guidance, though, disappointing, as gene indicated. he was expecting at the midpoint they were guying to is $34.5 billion and the gross margin, 36 to 37%, which is a little bit below where wall street was looking, from what i have seen, maria. i'll go back through and take a look at the units as well. looks like iphones did 37.4 million units, ipads did 19.5 million units. both of those, pretty strong based on the range where we were looking, as far as what wall street was expecting. i'll have mac units and those things in just a moment. >> jon, you keep looking through those numbers. thank you for that quick flash on apple for us. so, we've got the numbers. the actual earnings and revenues, above expectations, but the guidance, as you indicated, gene, right on the money, it is disappointing. you were in the middle of a thought there, james. please continue your thought and any chan
. >> i've got the apple numbers. >> what are the apple numbers, jon? >> the revenue for this quarter is actually coming in above expectations at $43.6 billion, eps, $10.09. guidance, though, disappointing, as gene indicated. he was expecting at the midpoint they were guying to is $34.5 billion and the gross margin, 36 to 37%, which is a little bit below where wall street was looking, from what i have seen, maria. i'll go back through and take a look at the units as well. looks...
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Apr 17, 2013
04/13
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they have apple in them. that's probably why they are outperforming on the downside even more than the dow. the nasdaq now below its 50-day moving average. we're also going to be talking a lot about gold and copper to see what they are telling us when it comes to the world economy and what clues they can provide to the sell-off we're seeing today. the renewed sell-off after yesterday's rebound. here's what we're following -- golden student. it's the widowmaker of the year, but the sell-off in gold, and miners, that we'll be talking about. is it overdone? jenna godfrey will join us. bank on morgan stanley. bankers aric thatting a beating after bank of america's weak report. will morgan stanley post better results? two of our traders debate. >>> first, the top story. the sell-off returns. energy, technology, financials, industrials leading the declines. consumer staples doing poorly as well, and theoretically they should be a defensive sector. what is the way to navigate the massive moves this week? good thing
they have apple in them. that's probably why they are outperforming on the downside even more than the dow. the nasdaq now below its 50-day moving average. we're also going to be talking a lot about gold and copper to see what they are telling us when it comes to the world economy and what clues they can provide to the sell-off we're seeing today. the renewed sell-off after yesterday's rebound. here's what we're following -- golden student. it's the widowmaker of the year, but the sell-off in...
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Apr 17, 2013
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let's start with apple making a new 52-week low, slipping at one point below 400 bucks. analysts saying one catalyst for today's sell-off, that weak revenue forecast from apple's supplier, sirius cirrus logic. and bank of america also in the red. worst day for that dow component this year. posting profits and revenue that disappointed the street. and we were watching copper today, the red metal settling at the lowest level from 2011. freeport mcmoran down hard. fairway, priced at 13, above the range, open at 18 on the nasdaq, ticker fwm, surging some 33% in today's session. american express, the global financial services firm reported after the bell, beat on the bottom line, missed on revenue stock following in the after-hours. also reporting, ebay, the world's biggest online market place. first quarter revenue just missed, beat on the bottom line. the issue for investor, revenue guidance. bill, back to you. >> all right, josh, thank you very much. take a good look at this number. 14,545 on the dow. because our next guest says the party's over, if the dow closes at that
let's start with apple making a new 52-week low, slipping at one point below 400 bucks. analysts saying one catalyst for today's sell-off, that weak revenue forecast from apple's supplier, sirius cirrus logic. and bank of america also in the red. worst day for that dow component this year. posting profits and revenue that disappointed the street. and we were watching copper today, the red metal settling at the lowest level from 2011. freeport mcmoran down hard. fairway, priced at 13, above the...
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Apr 22, 2013
04/13
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everybody's talking about apple. apple clearly getting all the conversation with its report after the bell tomorrow. how about the industrials tomorrow? dupont, utx, ingersoll, ak steel, those could be the tale more so than just apple? >> but domestically, we were talking about that recently. i like the names in the technology space. i don't know if you've seen this, but seems like there's been a little bit of change in the sentiment where you buy the dips. now it's sell into the rallies a little bit. >> jon najarian, how do you see things? you can talk about tech. the number of companies reporting, significant, for certain, texas instruments, amazon, qualcomm, netflix. >> yeah, i want to go back for one second. last week at this time, we were looking at the oil complex just being slaugtered. that is the opposite today. flip it around 180 degrees. all we needed was stabilization in crude oil which we seemingly got as we traded down to whatever the bottom was in the range for crude oil. as we did that, take a look at
everybody's talking about apple. apple clearly getting all the conversation with its report after the bell tomorrow. how about the industrials tomorrow? dupont, utx, ingersoll, ak steel, those could be the tale more so than just apple? >> but domestically, we were talking about that recently. i like the names in the technology space. i don't know if you've seen this, but seems like there's been a little bit of change in the sentiment where you buy the dips. now it's sell into the rallies...
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Apr 18, 2013
04/13
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sound systems apple uses. until apple pulls out of its tailspin you can't own cirrus logic. sorry. let's go to darren in the gamecock state. darren. >> caller: hi, jim. ba-ba-ba-boo-yah. i need some help. >> perfect. all right. >> caller: i took a long -- i took a position in cls at $20, about 500 shares. at $18 i bought 500 shares. got a 3.5% dividend and i don't mind waiting, but what do you suggest? >> well, i've got to tell you, this is a business, the iron ore business, that ever since they did that -- well, this stock has been -- it feels very terminal but it's not terminal, and i know there's a lot of iron ore that can come out. but i've got to tell you, $17. i don't know if i would sell it. it's kind of low. i mean, it's really low. anyway, it's all about the haves and the have nots. when it comes to stock, for now it's sherwin williams paint. that's the fracking fluid cocktail. and you know what i say? time for some boat drinks! "mad money" will be right back. >> announcer: coming up -- core holding?
sound systems apple uses. until apple pulls out of its tailspin you can't own cirrus logic. sorry. let's go to darren in the gamecock state. darren. >> caller: hi, jim. ba-ba-ba-boo-yah. i need some help. >> perfect. all right. >> caller: i took a long -- i took a position in cls at $20, about 500 shares. at $18 i bought 500 shares. got a 3.5% dividend and i don't mind waiting, but what do you suggest? >> well, i've got to tell you, this is a business, the iron ore...
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Apr 17, 2013
04/13
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i don't know if they can actually -- apple. i said it! what can be said that hasn't already been said about this freefalling tech company with the greatest products in the world? how about this? apple could say we're going to double your dividend, buy back a quarter of the company. that surely hasn't been said. i don't think there's an analyst who hasn't pulled the jason, freddie krueger slasher -- what have they z i've been looking at what they've been saying. they've used machetes to cut numbers. chainsaws to cut numbers. they've used ginsu knives to cut numbers. scalpels, k bars, bowies, meat axes, guillotines, even chippers, shredders to cut numbers! and they're still not low enough. they're still not deep enough to keep anyone from still going even lower as you forecast. you would think apple's going to report a loss, for heaven's sake. especially after watching the sickening slide of apple supplier cirrus logic today. after it's said there's been a lack of demand from a key tuft. who could that be? a name. the other night i joked th
i don't know if they can actually -- apple. i said it! what can be said that hasn't already been said about this freefalling tech company with the greatest products in the world? how about this? apple could say we're going to double your dividend, buy back a quarter of the company. that surely hasn't been said. i don't think there's an analyst who hasn't pulled the jason, freddie krueger slasher -- what have they z i've been looking at what they've been saying. they've used machetes to cut...
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Apr 23, 2013
04/13
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it's just -- people love their apple, they hate their apple and they have feelings about apple. >> i love that light saber sound effect. let's get to the economics calendar, thank you very much. here is today's calendar. and it is very housing focused. at 9:00 eastern, you get the fhfa house price index. an hour later, march new home sales. they're expected to rise by 0.7%. we'll watch the home builders like lenar, etcetera, on those. also at 10:00 eastern, is the richmond fed survey. becky talked about some stocks. we're hitting on dupont. let's check on the broader markets. oil down about 0.9%. 88.39. brent crude down a little more, down 1%. rbob gasoline, because, really, you don't care about gasolioil. you care about gasoline, right? >> it's come down significantly. >> yeah, it has, which is good because that may counteract the effects of the payroll tax high. what about gold? let's check the commodities like gold, the ten-year. down about 7%. 7 bucks to $1414. there's been a bit of a move in sort of the euro. we want to keep an eye on that. there's your currency chart here in th
it's just -- people love their apple, they hate their apple and they have feelings about apple. >> i love that light saber sound effect. let's get to the economics calendar, thank you very much. here is today's calendar. and it is very housing focused. at 9:00 eastern, you get the fhfa house price index. an hour later, march new home sales. they're expected to rise by 0.7%. we'll watch the home builders like lenar, etcetera, on those. also at 10:00 eastern, is the richmond fed survey....
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Apr 23, 2013
04/13
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that creates opportunity, because when you have that -- >> opportunities for apple. >> to get into apple. cuts stocks like that. when you have a change in ownership, that's significant. it creates a wonderful opportunity. because you've got a big group leaving, a big group coming in. >> ann abigail, let me go to you. you're quite pessimistic. we welcome you on the show. you have been ae a pessimist. but things have been more optimistic. you're looking for big, big decline. i want you to talk about that. i want you to tell our viewers why you think we're really headed for a problem. >> well, the reason that i -- my work starts with the technical. so we have seen a strong rally out of november. nearly 20% move up. but it's bearish. the buyers are becoming less certain up here. and this really mimics what we have seen in the first and second quarter of 2012 and 2011, quite frankly, where we have this competing battle between not so great fundamentals and then the fed liquidity. that doesn't tend to breed trust. in fact, i would say it probably swings things the other way. so even though buy
that creates opportunity, because when you have that -- >> opportunities for apple. >> to get into apple. cuts stocks like that. when you have a change in ownership, that's significant. it creates a wonderful opportunity. because you've got a big group leaving, a big group coming in. >> ann abigail, let me go to you. you're quite pessimistic. we welcome you on the show. you have been ae a pessimist. but things have been more optimistic. you're looking for big, big decline. i...
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Apr 24, 2013
04/13
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i think apple -- i have apple products. i love them. i think apple is doing a great job, but at the same time in this, this is a stock market and this is a sheer, difficult, harsh, judging machine that is the stock market, and i think tim cook is making a great product. apple's making a great product, but we already have one and we already have a lot of the stock and we don't want as much. am i being harsh? i'm saying the analyst community is harsh. now, procter & gamble, i know it's not what everybody wanted today, but do you remember the open rebellion of procter & gamble at 63 and mcdonald's said you know what? let's blow the darn thing up and give what the analysts want and the stock goes from 63 to 80 and now it will pull back a little today and it's had a remarkable run and that was a guy saying i have to blow it up. as strange as it is. procter is a great company and apple say great company. you have to blow it up and take a new direction. >> we'll talk more about procter and some of the problems in beauty and their guidance this
i think apple -- i have apple products. i love them. i think apple is doing a great job, but at the same time in this, this is a stock market and this is a sheer, difficult, harsh, judging machine that is the stock market, and i think tim cook is making a great product. apple's making a great product, but we already have one and we already have a lot of the stock and we don't want as much. am i being harsh? i'm saying the analyst community is harsh. now, procter & gamble, i know it's not...
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Apr 22, 2013
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let me mention apple very quickly. the hope here is for a special dividend, increase the dividend to over a 3% yield and start with the big buyback. that's the big hope there. nobody's expecting them to blow the cover off of any of these numbers and all of them have been coming down. >> guys, back to you. >> watching microsoft continue to gain now up 4.5% and let's head over to the nasdaq which partly is a result of that is outperforming, sema moti and it's back above the 52-day moving average. investors are slightly on edge ahead of the the tech earnings and all eyes on apple as bob was mentioning. a lot of conflicting calls from analysts ahead of its earnings report tomorrow. analysts focused on sales of its iphone and any clarity around its capital allocation strategy. bbc partners this morning upgrading the stock to buy. communication players also reporting this week. isi group reporting that broadcom, xilinx and lacked the right combination of favorable setup and strong, foreign ministerial support to expect event
let me mention apple very quickly. the hope here is for a special dividend, increase the dividend to over a 3% yield and start with the big buyback. that's the big hope there. nobody's expecting them to blow the cover off of any of these numbers and all of them have been coming down. >> guys, back to you. >> watching microsoft continue to gain now up 4.5% and let's head over to the nasdaq which partly is a result of that is outperforming, sema moti and it's back above the 52-day...
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Apr 17, 2013
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the apple guy in front is telling me these apples are fresher than the apple quarter. >> the consensus numbers need to come down. i once joked that the new products out of apple are terrible and @jimcramer. people think i'm serious. i think apple is a good company, it's just not going to have a good quarter. okay? okay? shoot me! my fault! >> how about barclays about lulu. >> here's what i'm hearing about lulu. i am hearing that the recall actually generated a level of love for lulu, that the customers, instead of avoiding lulu because of the sheer problem no. they're going to lulu and barclays agrees. this stock has been -- look, this is where they recalled the stuff, carl. right here is where the pants didn't work. this is the pants recall! and it turns out they're pantsing the bears. the bears are pantsed. >> that's a good call. fairway hoping investors will go on a shopping spree today. if you don't know this chain, it's a grocery chain going public and largely centered in new york. get ready for day three in what has been a wild week for the markets. the opening bell in just four
the apple guy in front is telling me these apples are fresher than the apple quarter. >> the consensus numbers need to come down. i once joked that the new products out of apple are terrible and @jimcramer. people think i'm serious. i think apple is a good company, it's just not going to have a good quarter. okay? okay? shoot me! my fault! >> how about barclays about lulu. >> here's what i'm hearing about lulu. i am hearing that the recall actually generated a level of love...
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Apr 18, 2013
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now apple tv? i think they will come out with a tv product because that is something that tim cook said. they've got an intense interest in that area. but i think that's probably coming in the summer period at some point. i think we're going to have to wait a while for a low-end phone. so i look at all of that and in the near term, the biggest excitement quite honestly is hopefully they move the dividend up when they report the quarter. better cash return. but that's kind of what i'm looking for. if they don't do that, the stock could go quite a bit lower and there is some talk that maybe they don't do the dividend when they report the quarter. >> we'll see. or repurchase. when you say "quite a bit lower," dan, what's low enough? here you compare it to rimm and nokia is a little shocking. but ere's low enough given the prospects you're outlining? >> well, but here's the thing. right? why are you guessing as to what's low enough? until the fundamentals stop getting worse -- don't forget, this compan
now apple tv? i think they will come out with a tv product because that is something that tim cook said. they've got an intense interest in that area. but i think that's probably coming in the summer period at some point. i think we're going to have to wait a while for a low-end phone. so i look at all of that and in the near term, the biggest excitement quite honestly is hopefully they move the dividend up when they report the quarter. better cash return. but that's kind of what i'm looking...
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Apr 24, 2013
04/13
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apple will need to innovate. we're in that you got to believe me phase and now we're talking about a time line of the fall. we got support on the dividend and buyback but gross margins and innovation will be key. >> you thought that you would hear about new products even sooner than the fall? >> it was possible that you might hear particularly about a low cost to approach the emerging markets and to offer something for the smartphone user who is more price sensitive. >> hold on a second. if you think of low cost phones, they talked about strength in china. you can't have strength with low cost phones or strengths in emerging markets and not have it impact gross margins. what's more important to you? >> a low cost phone that maintains a margin. they'll need to move some of the product mix out, innovate and i think tvs. i think i radio. something along the lines of i payments. that's what will move the sentiment and move the needle financially. >> i kind of feel this company's pain. after watching the stock be down
apple will need to innovate. we're in that you got to believe me phase and now we're talking about a time line of the fall. we got support on the dividend and buyback but gross margins and innovation will be key. >> you thought that you would hear about new products even sooner than the fall? >> it was possible that you might hear particularly about a low cost to approach the emerging markets and to offer something for the smartphone user who is more price sensitive. >> hold...
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Apr 17, 2013
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>> a lot of traders have been watching apple closely. we'll watch it tomorrow real closely, see where it bounces, if, in fact, it does bounce, but apple leads the nasdaq all the time. >> alan valdez, thank you for joining us,s
>> a lot of traders have been watching apple closely. we'll watch it tomorrow real closely, see where it bounces, if, in fact, it does bounce, but apple leads the nasdaq all the time. >> alan valdez, thank you for joining us,s
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Apr 19, 2013
04/13
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. >>> shares of apple posting the second largest weekly decline in 2 1/2 years, down more that 9 percent. shares are down 45% from hitting the all-time high in september, marking a loss of more than $294 billion in fact cap. >>> ibm is trading down more 8%, marking big blue's largest drop in eight years after its quarterly earnings missed expectations on both the top and bottom lines. more business headlines in the next hour, but for now, maria, back to you. >> courtney, thank you. watertown, massachusetts, is where the manhunt took place today. we're joined now by mike driscoll. mike, thank you for calling in. what can you tell us about the region right now? >> well, again, as everything, we're still in a shelter in place. they did that earlier this morning, on or about, a little before 5:00, the decision was made to, number one priority is the safety of our residents and the residents of the commonwealth. >> at this point, we know that the area is in lockdown mode. the faa, saying there is a no fly zone over watertown. we know that amtrak has been suspended indefinitely. so, do we know
. >>> shares of apple posting the second largest weekly decline in 2 1/2 years, down more that 9 percent. shares are down 45% from hitting the all-time high in september, marking a loss of more than $294 billion in fact cap. >>> ibm is trading down more 8%, marking big blue's largest drop in eight years after its quarterly earnings missed expectations on both the top and bottom lines. more business headlines in the next hour, but for now, maria, back to you. >> courtney,...
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Apr 16, 2013
04/13
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last year they could have said it's all about apple. i think we need to broaden the horizons if this is going to be sustainable. >> let me go there and take you to a live shot of the white house. the white house is lowering their flag to half staff. flags are to be lowered at all public buildings until sunset on april 20th. there are at least three dead. more than 150 injured. this is echo of what we saw in the wake of 9/11. a lot more "squawk on the street" back in a moment. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> let's hop over to the cme. rick santelli is talking gold. >> you know, a couple of months ago we were talking about the notion of gold become securitized. it was much more of a
last year they could have said it's all about apple. i think we need to broaden the horizons if this is going to be sustainable. >> let me go there and take you to a live shot of the white house. the white house is lowering their flag to half staff. flags are to be lowered at all public buildings until sunset on april 20th. there are at least three dead. more than 150 injured. this is echo of what we saw in the wake of 9/11. a lot more "squawk on the street" back in a moment. [...
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Apr 16, 2013
04/13
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. >> caller: this is an apple-banana boo-yah. >> okay. >> caller: from the big island. >> oh. oh, mahalo. >> caller: and it is the best one of them all. >> i agree with that. >> caller: now, i have a stock call called mcal. >> oh, you are playing that. well, they are sensitive to the problems in china, and these companies are very good, but people feel that china is slowing down, and i don't want to commit anymore money to mpel, because i have the see the chinese stabilize before people should own the casino stocks. that, ladies and gentlemen, is the conclusion of the lightning round >> announcer: the lightning round is sponsored by td ameritrade. coming up, crude behavior. oil's been on the decline in 2013. and while it makes for a refreshing sign at the gas station, some energy stocks are finding themselves in a slippery situation. could the slide continue? cramer sits down with the ceo of energy 21. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting,
. >> caller: this is an apple-banana boo-yah. >> okay. >> caller: from the big island. >> oh. oh, mahalo. >> caller: and it is the best one of them all. >> i agree with that. >> caller: now, i have a stock call called mcal. >> oh, you are playing that. well, they are sensitive to the problems in china, and these companies are very good, but people feel that china is slowing down, and i don't want to commit anymore money to mpel, because i have the...
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Apr 17, 2013
04/13
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>> apple. >> because it's an ipad. >> exactly. ipads there and other companies, google nexus is a big one. samsung has some coming down the line here. we'll diversify away from the ipad but intel is underrepresented there. >> what about these new half tablet, half pc things that are half clam shell but you can pull them apart. does intel have a chance to lead there? >> there are a number of factors. the one you're referring to is a convertible. they are really focused more on ultrabooks and sliders where you can actually slide the top display and flip it over and it turns into a tablet. >> they are expensive and haeav, right? >> some ultrabooks will be priced at 499 this year. that's a new low price point for them. >> the stuff with intel in that their bragging rights have to do with manufacturing process and how well they're doing there. is that a reason to buy the stock? when gross margins go up, i heard that you buy stock when margins are rising and sell it when they're going back down. are either one of those factors enough to offset what's happening in pcs? >> a sticking point wi
>> apple. >> because it's an ipad. >> exactly. ipads there and other companies, google nexus is a big one. samsung has some coming down the line here. we'll diversify away from the ipad but intel is underrepresented there. >> what about these new half tablet, half pc things that are half clam shell but you can pull them apart. does intel have a chance to lead there? >> there are a number of factors. the one you're referring to is a convertible. they are really...